{"id":164952,"date":"2021-05-25T09:39:04","date_gmt":"2021-05-25T09:39:04","guid":{"rendered":"https:\/\/www.theindustry.fashion\/deadline-looms-for-final-sale-of-arcadia-assets-including-its-brand-name\/"},"modified":"2021-08-06T12:11:34","modified_gmt":"2021-08-06T12:11:34","slug":"deadline-looms-for-final-sale-of-arcadia-assets-including-its-brand-name","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/deadline-looms-for-final-sale-of-arcadia-assets-including-its-brand-name\/","title":{"rendered":"Deadline looms for final sale of Arcadia assets, including its brand name"},"content":{"rendered":"<p>Bidders have until <strong>4pm tomorrow (Wednesday 26 May) to lodge their offers<\/strong> for the remaining assets from Sir Philip Green's collapsed Arcadia fashion empire, including its brand name.<\/p>\n<p><!--more--><\/p>\n<p>Hilco Valuation Services is offering for sale the <strong>Arcadia brand IP and domain name<\/strong> along with those of the group's former multibrand business Outfit.<\/p>\n<p>Arcadia's fashion brand names and IP for Topshop, Topman, Miss Selfridge, Wallis, Burton, Dorothy Perkins and Evans, were <strong>divided up between ASOS, Boohoo and City Chic Collective.<\/strong> None of the buyers acquired any of the stores.<\/p>\n<p>Topshop's flagship store on <strong>London's Oxford Street is on the market for \u00a3420m as part of a separate administration process<\/strong> of Arcadia's property arm, which is being handled by KPMG. It is believed that IKEA is the front-runner to take over the lease of the store but there has been substantial interest from many parties.<\/p>\n<p>Hilco expects the Arcadia name will also attract strong interest.\u00a0Hilco Streambank, managing director, Nat Baldwin said: \u201c<strong>The Arcadia name is instantly and internationally recognisable.<\/strong><\/p>\n<p>\u201cBefore it entered into Administration in November last year, it <strong>had been a retail and fashion empire of unprecedented size and scope.<\/strong><\/p>\n<p>\u201cIts brands were household names across the UK and internationally and it is <strong>anticipated that the sale will generate a remarkable amount of interest<\/strong> from domestic and global enterprises.\u201d<\/p>\n<p>A separate auction is also <a href=\"https:\/\/www.hilcoind.com\/sale\/arcadiamk\/featured\" target=\"_blank\" rel=\"noopener\">underway in Milton Keynes today and tomorrow<\/a> to auction off the remaining contents of Arcadia's London HQ and its former distribution centre, including televisions, computers, waste compacters and walkie talkies. Much of the contents of its London HQ,<strong> including bespoke furniture designed by Lady Tina Green,<\/strong> has already been sold.<\/p>\n<p>As well as acquiring the Wallis, Burton and Dorothy Perkins brands, <strong>Boohoo also secured Arcadia's former distribution centre in Daventry.<\/strong><\/p>\n<p>Arcadia collapsed at the end of November 2020 having failed to secure further funds to see it through the third lockdown of the pandemic.<\/p>\n<p><em>Image: Tim Goode\/PA Wire<\/em><\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-144088 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Daily-Newsletter-Banner.png\" alt=\"Newsletter banner\" width=\"1680\" height=\"268\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bidders have until 4pm tomorrow (Wednesday 26 May) to lodge their offers for the remaining assets from Sir Philip Green's collapsed Arcadia fashion empire, including its brand name.<\/p>\n","protected":false},"author":11,"featured_media":143912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[11120,10425,12746,12748,13364,12747,10267,10281,9665,12749],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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